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    144 Fairground Ave Hagerstown, MD 21740

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    For Sale
    $234,500

    Remodeled mixed-use property near Fairground Park with apartment and retail space.

    Property Features for 144 Fairground Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1908

    Source: CENTURY 21 REDWOOD REALTY Agent ADAM L KOHN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Mixed-Use Property Investment

    This turn-key mixed-use property offers an investment opportunity in an excellent location near Fairground Park. The property features a newly remodeled (2018) two-bedroom apartment with 1200 square feet of functional living space, including flooring, an oversized main bedroom, a large living room, and an upper loft bonus room with a closet. A brand new washer and dryer are included. The main level contains a recently renovated (2018) retail/salon space with a restroom. An attached brick warehouse space provides secure double door access for loading and features above-ground storage and a fireproof drywall system. The warehouse has a full basement and bathroom. A large parking lot at 711 N. Mulberry St. accommodates over 7 vehicles. There are two garages, one with 3-bays and another with 2-bays, each equipped with a newer metal roof and a separate electric meter. The apartment is rented for $1200, and the garages generate $750 total. The hair/nail salon has new tenants and rents for $800 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7091712
    Latitude
    39.6493144

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    FAQs

    What type of property is this?
    Mixed-use property - Remodeled mixed-use property near Fairground Park with apartment and retail space.
    Where is this mixed-use property located?
    The property is located at 144 Fairground Ave Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $234,500.
    What are key features of this property?
    This property features: - Mixed-use property offering income potential from apartment, retail/salon space, and garages.; - Large parking lot (711 N. Mulberry St.) accommodating over 7 vehicles.; - Newly remodeled (2018) **two-bedroom apartment with 1200 sq ft, loft, and new washer/dryer.**
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    144 Fairground Ave Hagerstown, MD 21740
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